Xyratex, Bed Bath & Beyond shares finish lower

SAN FRANCISCO (MarketWatch) -- Xyratex Ltd. shares fell by as much as 20% Wednesday evening after the company's fiscal fourth-quarter outlook was met with disappointment by investors, and shares of Silicon Laboratories Inc. dropped after the chip company cut its quarterly revenue outlook.

Bed Bath & Beyond Inc. shares also lost ground, after the housewares retailer said it has launched a review of stock-option grants.

The Nasdaq-100 After Hours Indicator, which tracks the evening activity of the index's leading stocks, shed 0.9 point to close at 1,644.50.

Stock in Xyratex
XRTX, +0.00%
ended down 4.1% at $18.50, recovering from a loss as low as 20% at $15.36 earlier in the session. The stock was the second-most actively traded, according to Nasdaq.

The U.K. data storage equipment maker forecast fourth-quarter per-share earnings of 17 cents to 27 cents, or 24 cents to 34 cents on a pro forma basis, on revenue of $215 million to $230 million. Analysts currently expect earnings of 56 cents a share on sales of $251 million. Xyratex also said its fiscal third-quarter profit more than doubled. See more.

Silicon Laboratories Inc.
SLAB, -0.95%
was the most active stock, with shares closing with a 4.4% loss at $30.68. The Austin, Texas-based maker of mixed-signal integrated circuits cut its third-quarter revenue outlook to a range of $113 million to $116 million. Read more.

Bed Bath & Beyond
BBBY, +0.15%
shares fell 1.3 % to close at $36.65. The company said a board committee is reviewing the company's stock option grants and procedures. The review began voluntarily. Bed Bath & Beyond said expects to file its quarterly financial report on time, on or before an Oct. 5 deadline

The company also posted second-quarter earnings that met the 51-cents-a share estimated by analysts polled by Thomson First Call. Revenue rose slightly. Read full story.

Stock in Electronic Arts Inc.
ERTS
pared earlier losses to finish down 0.9% at $55.50. The videogames maker said it received an informal inquiry from the Securities and Exchange Commission requesting documents and information relating to stock-option grant practices since Jan. 1, 1997. EA said it plans to cooperate with the request.

EA also said a shareholder-derivative complaint alleging improprieties in its stock-option issuances was dismissed by the plaintiff with no compensation paid by the company to the plaintiff or its attorneys.

Intraday Data provided by SIX Financial Information and subject to terms of use.
Historical and current end-of-day data provided by SIX Financial Information. Intraday data
delayed per exchange requirements. S&P/Dow Jones Indices (SM) from Dow Jones & Company, Inc.
All quotes are in local exchange time. Real time last sale data provided by NASDAQ. More
information on NASDAQ traded symbols and their current financial status. Intraday
data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. S&P/Dow Jones Indices (SM)
from Dow Jones & Company, Inc. SEHK intraday data is provided by SIX Financial Information and is
at least 60-minutes delayed. All quotes are in local exchange time.